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place. but enough from me. art laffer, and a former adviser to former president ronald reagan. i thought you and milton friedman told me that the tax burden is in fact the rate of spending. why are these economists saying it is not true? >> who knows. you are right government spending is taxation. pure and simple. it doesn't recreate resources it takes them from one group and gives them to another. every time we have had massive government spending we have had a problem in the economy. it is true. in 2007, 2008 when the crash occurred those were the biggest periods of government spending increase. as you may have seen my piece on 34 countries, those that have the biggest spending plans have the biggest declines. and the same thing happened after world war ii as you know. we had massive spending cuts from 44 to 46. and the economy boomed as never before. >> so here is the thing. this is the national association of business economists. this is not the worker's socialist union. and look, these guys are coming out, they are coming out with two points that i have made on the show. they are in
. former assistant of commerce for george h.w. bush and special assistant to ronald reagan. not the best image management. you specialize in crisis management. some compare to marie antoine e antoinette. all these cuts coming on and he's walking around smoking a stogy. >> a woman is a woman, because good cigar is a smoke, i say. >> you you may say that, but doesn't go down very well. >> you can't smoke inside, so i guess he figured he had to take the opportunity. it probably isn't the best image for a national figure to be smoking at all let along in public, let alone during a crisis, let alone on the streets of man hat continue. let's put a positive spin on it. perhaps it is his way of helping control his nerves. >> this is a prime minister that come and has promised all sorts of things when he got elected. once that starts happening, how on earth do you control it from a crisis management pr perspective? >> if we could control it, we'd all be rich. what we tried to do, what i'm sure his advisers are trying to do is to keep him cool, keep him focused. they've made a lot of announcement
. in '80 ronald reagan was bemind the polls and had great debates and rises in the polls and bush in '88 had great debates and starts to rise. too early to complain. >> you don't agree with johnathon martin? >> john is one of the best reporters in washington but he is talking to a lot of must be pun /* republicans that are getting nervous. they don't see romney has a 50s guy but a viable alternative. >> agree with that. >> let me bring you in to this. i argue differently than what johnathon is saying. i think mitt is muddying his message on a variety of issues, including the tax issue which he just wrote up this week and i threw two with temper tantrums a blog and full column on the subject and got calls from ultra senior people in the romney campaign that i'm not sure frankly i wanted to talk to. you see roger stone, i don't know what mitt's message is sometimes. i think i know what he intends it to be. but he is not getting it out and talking to the middle class. >> the real problem with the mitt romney campaign is mitt romney. he is inauthentic. he comes across as a guy that will say
the other way. >> in the old days people voted aspirational. democrats voted for ronald reagan. i'm just wondering about whether the aspiration is enough to put a candidate over the top at this point? >> i think the reality of our economic station, with 23 million people unemployed, 47 million people on food stamps, i think the american people are going to wake up and say, you know, president obama came in with great promise. he's a heck of a nice guy. but nice guys don't always get the job done. and he's not getting the job done. >> all right. we'll see. we hope to see you again. i don't know if we'll see you before november 6th, but thanks for coming in today. >> thanks for having us. thank you. >> and good luck with, you know, you doing all the prenatal stuff as a surrogate that you need to do? >> absolutely. >> very good. any vitamins? what else, becky? >> vitamins is the big thing. the diet. >> "boardwalk empire." pasturized milk. >>> we've got to run. make sure you join us tomorrow. "squawk on the street" starts right now. ♪ hey give me everything tonight ♪ ♪ give me everythi
campaigns decide to lay out the difficult details. remember this, ronald reagan ran for re-election and there were vague illusions to tax reform. did he layout a tax reform plan? he did not. they passed tax reform in 1986. so of course journalists will press for details because it is difficult to make plans up. we can't know precisely how the obama administration proposes to raise the top corporate rate to on 28%. we don't know how mitt romney proposes to lower the corporate rate to 20%, 25%, i forget which one, because they haven't identified the loopholes. >> but that's linchpin of the whole campaign is around taxes, is around lowering taxes and is around -- >> actually, it's not. actually, it's not because if you remember, andrew, in his convention speech, he didn't especially mention his individual tax cut. and he went out on the road last week and said by the way, i'm going to cut tax rates, but don't expect a big tax cut because i'm going to take away deductions. so romney in fact and i've talked to romney's strategists about this, they know that voters don't actually
Search Results 0 to 4 of about 5